OeNB Freitagsseminar with Martin Larch

Conditional Budgeting - Striking a Balance in EU Economic and Fiscal Governance

OeNB Freitagsseminar with with Martin Larch, Head of Secretariat of the European Fiscal Board, European Commission

Abstract
The EU’s fiscal governance framework was built to contribute to overall macroeconomic stability through compliance with fiscal rules and the commitment not to bail-out countries in trouble. Yet successive crises have revealed vulnerabilities under systemic stress: countries with a propensity to run deficits push frugal ones into ex-post bail-out arrangements to avert collapse, thus undermining the ex-ante credibility of the framework. The absence of a permanent, preventive instrument forces the Union to oscillate between leniency and emergency intervention. A permanent RRF-like mechanism - linking EU funds to reform and investment projects - offers a structural solution.

Date
Friday, 08 May 2026 | Start: 11:00 AM | End: 12:30 PM                    

Venue
The event is planned both, online via Webex and onsite at the Oesterreichische Nationalbank, Otto-Wagner-Platz 3, 1090 Vienna

Join us by registering by 6 May 2026, at the latest.

Registration